W-2 season isn’t over yet–now it’s W-2c time

W-2s are filed with the Social Security Administration (SSA) in winter. Corrections, which are made on Form W-2c, begin immediately thereafter. The earlier you fix errors on your W-2s, the less likely it is you’ll be penalized by the IRS. E-filers have until the end of March to file their original W-2s But even those few extra weeks will not be enough to get off the W-2c hook, if errors are discovered after filing.

Forms W-2c/W-3c. Corrections to W-2s are reported on Form W-2c; Form W-3c is the transmittal. W-2c forms may be filed on paper or electronically. E-filing is mandatory if you’re filing 250 or more W-2c forms. Forms should be filed as soon as errors are detected, but to avoid multiple filings you may bundle corrections and file by Aug. 1, 2014.

COUNT CAREFULLY: If you file 200 W-2c forms in March and another 30 forms in May, you don’t have to e-file. Flip side: If you file an additional 100 W-2c forms in May, e-filin...(register to read more)

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Your employee handbook can be an invaluable organizational tool … or an employment lawsuit waiting to happen. And in recent years, Congress and state legislatures have been busy enacting laws that directly affect your employee handbook. If you haven't kept up, you could find yourself in court....Click here to find out more.